From the Houston Chronicle:
Clear Channel Communications, the world's largest radio broadcaster, called on Congress to ease restrictions on station ownership to help it compete with satellite and Internet-based rivals.
Congress should increase limits to 10 outlets from eight in markets where 60 or more stations operate and to 12 from eight in markets with 75 or more stations, Clear Channel CEO Mark Mays said this week in a speech in Washington.
"Free radio" stations are losing audience to competing media, including Sirius and XM. The Internet and electronic devices such as Apple's iPod are also taking listeners away from traditional broadcasters, Mays said.
San Antonio-based Clear Channel, which operates 1,200 stations, has reduced advertising airtime to help retain listeners.
Sure, because broadcast radio doesn't suck enough already.